Insider Selling: Hyatt Hotels Co. (NYSE:H) Insider Sells 10,000 Shares of Stock

Hyatt Hotels Co. (NYSE:H) experienced insider trading activity when Mark R. Vondrasek, an insider, sold 10,000 shares of the company's stock on March 21st. The transaction took place at an average price of $116.80 per share, resulting in a total value of $1,168,000. After this sale, Vondrasek owns 9,337 shares in Hyatt, which are now valued at around $1,090,561.60. This sale indicates a 51.71% decrease in his total ownership of the stock. The details of the transaction were reported in a filing with the Securities and Exchange Commission.

Hyatt Hotels Stock Performance

On the same day as the insider sale, Hyatt stock saw a drop of $2.24 and was trading at $121.68 during midday. Over 1.5 million shares were exchanged, exceeding the average volume of 820,045 shares. The stock has a 50-day simple moving average of $146.02 and a 200-day simple moving average of $151.20. The financial health of Hyatt can be seen in its ratios, including a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. Over the past year, the stock price has ranged from a low of $116.13 to a high of $168.20. Currently, Hyatt's market capitalization stands at $11.70 billion with a price-to-earnings ratio of 9.78 and a beta of 1.51.

Hyatt Hotels Dividend Announcement

Hyatt recently announced a quarterly dividend which was paid on March 12th. Shareholders who recorded their holdings by February 28th received a dividend of $0.15 per share, leading to an annualized dividend of $0.60 and a yield of 0.49%. The company's dividend payout ratio is currently noted at 4.82%.

Institutional Inflows and Outflows

Several institutional investors have adjusted their positions in Hyatt. Raymond James Financial Inc. made significant investments amounting to about $77.1 million in the fourth quarter. Invesco Ltd. raised its holdings in Hyatt by 241.4%, owning now 679,557 shares valued at about $106.7 million after purchasing an additional 480,523 shares. Notably, Norges Bank and Alyeska Investment Group L.P. also entered new positions in Hyatt during the same quarter. Institutional investors now own approximately 73.54% of Hyatt’s stock.

Analyst Upgrades and Downgrades

Recent reports from various brokerages reflect mixed sentiments regarding Hyatt's stock. Truist Financial reduced their price target from $163.00 to $156.00 while maintaining a "buy" rating. On the other end, Morgan Stanley decreased their target price to $144.00, assigning an "equal weight" rating. Currently, the stock has a consensus rating of "Hold" with several ratings across the board: one sell, eleven holds, and eight buy ratings. The average price target across analysts stands at $161.87.

About Hyatt Hotels

Hyatt Hotels Corporation is a prominent player in the hospitality industry, operating various service hotels and resorts worldwide. The company manages, franchises, licenses, and owns a diverse portfolio that includes full-service hotels, select-service accommodations, as well as timeshare and vacation properties.

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